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Phoenix has been an under-the-radar city that is rapidly on the rise and offers compelling opportunities for both commercial and homeowner investment, Parallel Capital Partners’ Matt Root tells GlobeSt.com.

office Sector

Phoenix has been an under-the-radar city that is rapidly on the rise and offers compelling opportunities for both commercial and homeowner investment, Parallel Capital Partners’ Matt Root tells GlobeSt.com.

The CBRE report raised several concerns about the willingness of young professionals to maintain Garden State residency, especially in more suburban areas, and fill the entry-level positions as they become available.

According to a report released by the Real Estate Board of New York, year-to-year total investment sale consideration declined 39% to $18 billion citywide, while the total number of transactions declined 6% to 2,419 in the first half of 2017.

Dallas is one of the five cities showing the greatest promise as a buy opportunity for office investors, boosted by growing population and strong employment, keeping rents high even as supply additions loom, says Ten-X.

While leasing remained below the historic levels of 2015 and 2016, class-A demand rebounded somewhat while vacancy remained flat. Furthermore, asking rents in some key market segments continued to climb, specifically in the Hudson Waterfront.

Everyone wants to know if and when Houston has reached the bottom and its decline has begun a slow ascent despite lingering uncertainty in the energy sector, according to Yardi-Matrix’s latest office report.

At her new position at Thor Equities, Chew will oversee a team responsible for the preparation and review of fund, property and management level accounting and reporting, as well as participate in a number of new technology initiatives, the company states.

A newly formed LLC comprising a subsidiary of Five Point Holdings and two other investors receives the five-year loan from Starwood Property Trust for Five Point Gateway, a four-building office/R&D campus here.

The Texas office sales trends demonstrate cyclical historical office sales–where the third and fourth quarters represent the greatest sales volumes during the last four years of history, says Yardi-Matrix.

Travel Leaders Group’s Elite Division companies—Tzell Travel Group and Protravel International—will occupy the 35th and 36th floors, respectively at 1633 Broadway. The lease deal is for 16.5 years. No financial terms of the transaction were released.

The firm is shifting operations in June of 2018 to 70,000 square feet of space on the seventh floor of Building 19 in Industry City, one floor below the Hospital for Special Surgery Training Center where the firm’s Brooklyn Nets NBA franchise practices.

The number of consumers with disposable income and the emotional/social element of these projects are a couple of reasons mixed-use developments are heating up in this market, Housing on Merit’s Jennifer Litwak tells GlobeSt.com in this RealShare Orange County preview story.

San Diego is getting a lot of attention from its Northern neighbors, both private and institutional, who are attracted to the higher yields in this market that still has a lot of runway, M&M’s Ben Tashakorian tells GlobeSt.com.

Modernizing the county’s infrastructure is a big task, but it is achievable if the cities and OCTA work together on a plan that will enable Orange County to remain competitive for office users, JLL’s Andy White tells GlobeSt.com.

For Toll Brothers the project marks the firm’s entrance into the Harrison and Westchester County multifamily markets. For the Town of Harrison and the I-287 office market, the project involves the first conversion of an office building to residential use.